Zen Technologies surges ~7% on winning order worth Rs 202 crore

8 Jun 2023 , 10:12 AM

Zen Technologies Limited’s counter surged as much as 7% after the company announced receipt of an order from the Government of India.

The company said that it has received a significant order from the Ministry of Defence, Government of India. The order is valued at approximately Rs 202 crore.

At around 9.56 AM, Zen Technologies was trading 6.42% higher at Rs 439.95, against the previous close of Rs 413.40 on NSE. The counter hit a new 52-week high of Rs 453.20 so far in today’s trade.

Zen Technologies said that it looks forward to securing additional sizeable contracts within the upcoming quarter. This project win highlights Zen Technologies’ commitment to delivering innovative solutions and driving transformative impact.

Zen Technologies is a well-known and respected industry frontrunner having over 30 years of experience in providing advanced Military Training and Anti-Drone solutions. The company excels in the production of high-tech land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.

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